VanEck Green Metals ETF (NYSEARCA:GMET) Short Interest Update

VanEck Green Metals ETF (NYSEARCA:GMET) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 92,480 shares, an increase of 1,025.9% from the December 31st total of 8,214 shares. Currently, 12.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,444 shares, the days-to-cover ratio is currently 5.3 days. Based on an average daily trading volume, of 17,444 shares, the days-to-cover ratio is currently 5.3 days. Currently, 12.3% of the shares of the stock are sold short.

VanEck Green Metals ETF Stock Performance

Shares of NYSEARCA:GMET traded up $0.71 on Wednesday, hitting $47.34. The stock had a trading volume of 15,185 shares, compared to its average volume of 23,755. The company has a market capitalization of $35.51 million, a price-to-earnings ratio of 21.18 and a beta of 0.90. The firm’s 50 day moving average price is $37.49 and its 200-day moving average price is $31.93. VanEck Green Metals ETF has a twelve month low of $16.78 and a twelve month high of $47.50.

Institutional Trading of VanEck Green Metals ETF

Hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in VanEck Green Metals ETF in the 4th quarter valued at approximately $96,000. Smart Portfolios LLC bought a new position in VanEck Green Metals ETF during the 3rd quarter worth approximately $239,000. Finally, Flow Traders U.S. LLC lifted its position in shares of VanEck Green Metals ETF by 56.2% in the 2nd quarter. Flow Traders U.S. LLC now owns 27,002 shares of the company’s stock worth $646,000 after purchasing an additional 9,712 shares during the period.

About VanEck Green Metals ETF

The VanEck Green Metals ETF (GMET) is an exchange-traded fund that is based on the MVIS Global Clean-Tech Metals index, a market-cap-weighted index of global companies involved in mining, refining, and recycling of metals and rare earth elements that are used in technologies contributing to clean energy transition. GMET was launched on Nov 9, 2021 and is managed by VanEck.